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Nov 2005 AARP Posts
11-2005aarpposts
11 5 05 posts
| YOU SAID
I think you have misinterpreted the chart. The higher the wage growth, the lower the payable benefit, but the higher the trust fund in total dollars (lower in buying dollars) and higher potential SS-OASI benefits.
SOCIAL SECURITY ADMINISTRATION confidence that wages will remain low (if this is what Bush is attempting) is low while moderate wage growth of 3.5% a year is more likely. This more likely wage growth rate will result in 60% payable benefits after 2060.
Here is the formula for a gradient's effective rate of return.
(1 + rate of return) divided by (1 + replacement rate) _1
A replacment rate is the escalation in costs. For exemple, SS-OASI wages are indexed based on the change in the US Avg Wage growth. SS-OASI benefits are indexed based on the change in the CPI (Inflation).
What happens when wage growth increases? Since it is in the denominator, the effective rate will drop. A drop in the effective rate of return will require either a higher tax rate to fund benefits or a lower benefit to be paid.
What are you talking about ?? Here are the facts on wage growth or I should say shrinkage under George Walker Bush
This is the CPI from the BLS

The buying power of the dollar has shrunk by 15.7% since 2000. |
According to sec. 255
`INVESTMENT OF ACCOUNTS
`SEC. 255. (a) Designation of Certified Account Managers- Under the Program, a certified account manager shall be designated by or on behalf of each participating individual to hold for investment under this section such individual's social security personal retirement account assets.
`(b) Procedure for Designation- Any designation made under subsection (a) shall be made in such form and manner as shall be prescribed in regulations prescribed by the Board. Such regulations shall provide for annual selection periods during which participating individuals may make designations pursuant to subsection (a). Designations made pursuant to subsection (a) during any such period shall be irrevocable for the one-year period following such period, except that such regulations shall provide for such interim designations as may be necessitated by the decertification of a certified account manager. Such regulations shall provide for such designations made by the Board on behalf of a participating individual in any case in which a timely designation is not made by the participating individual.
`(c) Investment- Any balance held in a participating individual's social security personal retirement account under this part which is not necessary for immediate withdrawal shall be invested on behalf of such participating individual by the certified account manager as follows:
`(1) INVESTMENT IN MARKETABLE GOVERNMENT SECURITIES- In a representative mix of fixed marketable interest-bearing obligations of the United States then forming a part of the public debt which are not due or callable earlier than 4 years after the date of investment.
`(2) ADDITIONAL AND ALTERNATIVE INVESTMENTS- Beginning with 2008, in such additional and alternative investment options in broad-based index funds that are similar to the index fund investment options available within the Thrift Savings Fund established under section 8437 of title 5, United States Code, as the Board determines would be prudent sources of retirement income that could yield greater amounts of income than the investment described in paragraph (1) and a participating individual may elect.
Does this " account manager" have the ability to move from bonds to index funds as the market dictates? Or will the 'account manager " be stuck for a year. I see no provisions in this law to dynamically allocate assets. |
| YOU SAID
Now, am I expected to abandon the interests of people born on Jan.1, 1951? Do they get a certificate for their reprogrammed SS?
We will receive the proverbial sh@ft a Greater Fool Investment Scam that will be unmanageable. In effect we will be looking at invest and hope it goes up. When one buys into a well defined, mature rising market constant vigilance is required and the ability to move ( pull out ) or apply a short term hedge investment must be available to the to you. Lets see how flexible S. 1302 is:
SEC. 102. ANNUAL ACCOUNT STATEMENTS.
Section 1143 of the Social Security Act (42 U.S.C. 1320b-13) is amended by adding at the end the following new subsection:
`Performance of Social Security Personal Retirement Accounts
`(d) Beginning not later than 1 year after the date of the first deposit is made to an eligible individual's Social Security personal retirement account, each statement provided to such eligible individual under this section shall include information determined by the Social Security Personal Savings Board as sufficient to fully inform such eligible individual annually of the balance, investment performance, and administrative expenses of such account.'.
Here we have annual statements does this sound like a manageable retirement income portfolio ?
Question can you pull back to cash for a time to avoid a decline in asset value ?
`PARTICIPATION IN PROGRAM
`SEC. 253. (a) Participating Individual- For purposes of this part, the term `participating individual' means any individual--
`(1) who is credited under part A with wages paid after December 31, 2005, or self-employment income derived in any taxable year ending after such date,
`(2) who is born on or after January 1, 1950, and
`(3) who has not filed an election to renounce such individual's status as a participating individual under subsection (b).
`(b) Renunciation of Participation-
`(1) IN GENERAL- An individual--
`(A) who has not attained retirement age (as defined in section 216(l)(1)), and
`(B) with respect to whom no distribution has been made from amounts credited to the individual's social security personal retirement account,
may elect, in such form and manner as shall be prescribed in regulations of the Board, to renounce such individual's status as a `participating individual' for purposes of this part. Upon completion of the procedures provided for under paragraph (2), any such individual who has made such an election shall not be treated as a participating individual under this part, effective as if such individual had never been a participating individual. The Board shall provide for immediate notification of such election to the Commissioner of Social Security, the Secretary of the Treasury, and the Executive Director.
`(2) PROCEDURE- The Board shall prescribe by regulation procedures governing the termination of an individual's status as `participating individual' pursuant to an election under this subsection. Such procedures shall include--
`(A) prompt closing of the individual's social security personal retirement account established under section 254, and
`(B) prompt transfer to the Federal Old-Age and Survivors Insurance Trust Fund as general receipts of any amount held for investment in such individual's social security personal retirement account.
`(3) IRREVOCABILITY- An election under this subsection shall be irrevocable.
Once you are in you are stuck. If you pull out you can't come back in, there is no cash position to pull back to. How do you lock in a large gain? |
| Rick Santorum and Jim DeMint are going to raid the SOCIAL SECURITY ADMINISTRATION Trust Fund to Finance Greater Fool Investment Scam accounts for the rest of us. This is the vehicle they will use to destroy SOCIAL SECURITY ADMINISTRATION Trust.
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Stop the Raid on Social Security Act of 2005 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SOCIAL SECURITY ADMINISTRATION) to establish a Social Security Personal Retirement Accounts Program, to be administered by a Social Security Personal Savings Board established within the Social Security Administration. Authorizes any individual credited with wages paid after December 31, 2005, or self-employment income derived in any taxable year ending after such date, who is born on or after January 1, 1950, and who has not filed an election to renounce such individual's status as a participating individual, to participate in the Program. Directs the Board to establish a social security personal retirement account for each participating individual upon initial receipt of a transfer from amounts held in the Federal Old-Age and Survivors Insurance Trust Fund. Requires the Secretary of the Treasury to make necessary transfers from the general fund of the Treasury to maintain a 100 percent ratio of assets of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund to the annual amount required to pay the full amount of benefits payable for each year up to 2041. Requires designation of a certified account manager by or on behalf of each participating individual to hold the individual's account assets for investment, including in broad-based index funds similar to the index fund investment options available within the Thrift Savings Fund. Prescribes requirements for withdrawal from such accounts, annuitization, and related matters. Amends the Internal Revenue Code to: (1) make all social security personal retirement accounts exempt from income taxation; but (2) subject distributions from closed accounts to taxation as social security benefits. Exempts assets of Social Security Personal Retirement Accounts from the estate tax.
|
109th CONGRESS
1st Session
S. 1750
To provide for the issuance of certificates to Social Security beneficiaries who are born before 1950 guaranteeing their right to receive Social Security benefits under title II of the Social Security Act in full with an accurate annual cost-of-living adjustment.
IN THE SENATE OF THE UNITED STATES
September 22, 2005
Mr. SANTORUM (for himself and Mr. DEMINT) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To provide for the issuance of certificates to Social Security beneficiaries who are born before 1950 guaranteeing their right to receive Social Security benefits under title II of the Social Security Act in full with an accurate annual cost-of-living adjustment.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Social Security Guarantee Act of 2005'.
SEC. 2. GUARANTEE OF FULL SOCIAL SECURITY BENEFITS WITH ACCURATE ANNUAL COST-OF-LIVING ADJUSTMENT.
(a) In General- Not later than 90 days after the date of the enactment of this Act, the Secretary of the Treasury shall issue a benefit guarantee certificate to each individual born before 1950 who is determined by the Commissioner of Social Security as of the date of the issuance of the certificate to be entitled to benefits under title II of the Social Security Act (42 U.S.C. 401 et seq.). The Secretary shall also issue such a certificate to any such individual on the date such individual is determined thereafter to be entitled to benefits under such title.
(b) Benefit Guarantee Certificate- The benefit guarantee certificate issued pursuant to subsection (a) shall represent a legally enforceable guarantee--
(1) of the timely payment of the full amount of future benefit payments to which the individual is entitled under title II of the Social Security Act (as determined under such title as in effect on the date of the issuance of the certificate); and
(2) that the benefits will be adjusted thereafter not less frequently than annually to the extent prescribed in provisions of such title (as in effect on the date of the issuance of the certificate) providing for accurate adjustments based on indices reflecting changes in consumer prices as determined by the Bureau of Labor Statistics or changes in wages as determined by the Commissioner of Social Security.
(c) Obligation to Provide Payments as Guaranteed- Any certificate issued under the authority of this section constitutes budget authority in advance of appropriations Acts and represents the obligation of the Federal Government to provide for the payment to the individual to whom the certificate is issued benefits under title II of the Social Security Act (42 U.S.C. 401 et seq.) in amounts in accordance with the guarantee set forth in the certificate.
WHY IS THIS NEEDED ??
Where is the SOCIAL SECURITY ADMINISTRATION Trust Fund going? |
| As per the SOCIAL SECURITY ADMINISTRATION model :
This is the BUSH plan to freeze the SOCIAL SECURITY ADMINISTRATION revenues by doing everything possible to keep wages artificially low and there fore limiting the rise in the SOCIAL SECURITY ADMINISTRATION Trust revenues. If wages are left to track the increase in cost of living ( inflation) the SOCIAL SECURITY ADMINISTRATION Trust fund balance will rise as inflation rises. This is how the SOCIAL SECURITY ADMINISTRATION and the CBO models work. The SOCIAL SECURITY ADMINISTRATION model is proven very accurate over the past 30 years . the CBO model is a new stochastic model ( LTAM ) THAT HAS BEEN BACK TESTED AND TUNED TO THE SOCIAL SECURITY ADMINISTRATION MODEL.
The range of values that the SOCIAL SECURITY ADMINISTRATION Trust balance and revenues can take on are broken down into confidence bands and are depicted here:
If you will note there is little difference in the models. Both reflect the economic assumptions that are loaded into the model. Wages must rise with inflation, if the wages don't keep up with inflation there will be no workers as they will die off because they can't feed themselves. If a person does not eat the person dies. Welcome to the real world. |
| Great article _. The family Values instilled in George Walker Bush fit in with his current mission the accretion of as many $ DOLLARS $ as possible. During that time IBM was supplying data processing equipment to support the German effort to track the final solution of HITLER . This is business first last and always ( country is second third ) that's just where you sleep tonight . LOW LIFE IN HIGH PLACES . |
| By not allowing wages to rise in step with inflation George Walker Bush is applying pressure to the SOCIAL SECURITY ADMINISTRATION Trust fund artificially reduce it's growth to prevent the benefits of " interest compounding" from extending the life of the SOCIAL SECURITY ADMINISTRATION Trust. When wages go up so does the FICA tax revenue and there fore the SOCIAL SECURITY ADMINISTRATION Trust balance. This is some thing George Walker Bush and Cato/Heritage's "we hate the SOCIAL SECURITY ADMINISTRATION lobby will not allow. |
| The model is called LTAM you can down load the pdf from the CBO here |
| If the RNC is not stopped we will have 50 MILLION more people below the poverty line in 20 years, once we start raiding the general fund for money to pay SOCIAL SECURITY ADMINISTRATION benefits and in the process run a budget deficit well into 10's of TRILLIONS of dollars before these moon bats default on the SOCIAL SECURITY ADMINISTRATION benefits of all collecting a SOCIAL SECURITY ADMINISTRATION benefit.
Here is a summery of S. 1302
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Stop the Raid on Social Security Act of 2005 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SOCIAL SECURITY ADMINISTRATION) to establish a Social Security Personal Retirement Accounts Program, to be administered by a Social Security Personal Savings Board established within the Social Security Administration. Authorizes any individual credited with wages paid after December 31, 2005, or self-employment income derived in any taxable year ending after such date, who is born on or after January 1, 1950, and who has not filed an election to renounce such individual's status as a participating individual, to participate in the Program. Directs the Board to establish a social security personal retirement account for each participating individual upon initial receipt of a transfer from amounts held in the Federal Old-Age and Survivors Insurance Trust Fund. Requires the Secretary of the Treasury to make necessary transfers from the general fund of the Treasury to maintain a 100 percent ratio of assets of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund to the annual amount required to pay the full amount of benefits payable for each year up to 2041. Requires designation of a certified account manager by or on behalf of each participating individual to hold the individual's account assets for investment, including in broad-based index funds similar to the index fund investment options available within the Thrift Savings Fund. Prescribes requirements for withdrawal from such accounts, annuitization, and related matters. Amends the Internal Revenue Code to: (1) make all social security personal retirement accounts exempt from income taxation; but (2) subject distributions from closed accounts to taxation as social security benefits. Exempts assets of Social Security Personal Retirement Accounts from the estate tax.
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| WE the PEOPLE must stay right behind this congress with the " HICKORY " stick ready to swat some bottom if they try to misbehave .
Remember there were a number of republicans who never had a chance to learn what was in H.R. 1 Prescription Drug Bill. Delay's House Conference of scandal is still in place and operable. The K Street Project is still running. |
| There were two messages sent one "from" me to you and another "from" you to me. The AARP moderator should have a number to refer to the actions of that moderator . HAVE YOU RECEIVE ANY E-MAILS FROM AARP?? I HAVE NOT !
I sent the following to AARP
Who posted these messages on the Board ? if you ( AARP ) have some thing to say, say it and sign it with your moderator number Don't post in my name!!!!! And don't post in a name other than your own I.e. moderator number and the appropriate "from" " to". If not some one has " Hacked " this board.
This e-mail was sent to find out if the AARP sent these (2) messages . 25022.1652 and 25022.1653
Has some one hacked this board ?? |
| No mater how hard you try to hide from the truth the trail of puppy dung you leave belies your intent. Remember your post YOU POSTED
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This is your post are you trying to bait me come on you can do better than:
Hey, twit, get your story straight. I didn't say " Personal attacks are defined by words and/or images directed at a specific individual on the board, including terms deemed unlawful, harmful, threatening, abusive, harassing, defamatory, vulgar, obscene, hateful, racial, ethnically derisive descriptions or actions ." Those are the words of the AARP Administrator, not mine.
As regards, am I threatening you, the answer is no. Believe me, you would know it if I were. And, you really scare me when you say "THE FIRST DAY I WAS ON THIS BOARD ONE OTHER TRIED AND FOUND THAT I AM NOT TO BE THREATENED." I think I will go hide under my desk, I'm so scared of you. NOT!
As regards the rest of your post, I didn't read it because I'm sure that it was full of the same drivel you continue to post. Hate Bush. Bash Bush.Lie about Bush, etc, etc, etc. Tell it to someone who is willing to listen to your rants.
Me thinks your ego may be over inflated I don't post these boards for your blessings and approval .
Yet you try the simple minded name calling of a 10 year old are you that shallow and limited ??? |
| Sorry for the omission There are just so may convictions, indictments and investigations GOP CORRUPTION and PERVERSION is the most complete listing I have found to date. I also hope the FBI will clean up any DNC nut cases the find. |
| Ahh yes another SADISTIC NE-CON EVANGELICAL ACTIVISTS having a bad day. I truly sympathize with you the RNC is in a sorry state of affairs and things will only get worse. "OFFICIAL A" is under investigation as Lewis Scooter Libby prepares for trial. A new grand jury has been impaneled and is ready to go , Delay is desperately trying to find a " RNC crony judge. Jack Abramoff is practicing the " PerPs" walk just in case ( walking in chains will become part of his daily life) Sen Bill Frist is looking at the possibility of club fed as a new vacation home. (The F.O.G. Elite) is exposing it's Values system to the world . Hang in there you will get through these hard times. Just don't take any money from the RNC . |
(The F.O.G. Elite)
| YOU SAID
Personal attacks are defined by words and/or images directed at a specific individual on the board, including terms deemed unlawful, harmful, threatening, abusive, harassing, defamatory, vulgar, obscene, hateful, racial, ethnically derisive descriptions or actions.
FIRST ARE YOU THREATENING ME ??
~foge
THE FIRST DAY I WAS ON THIS BOARD ONE OTHER TRIED AND FOUND THAT I AM NOT TO BE THREATENED.
You set forth "beliefs" as facts and call me uninformed when I cite sourced facts that are juxtaposed to your "beliefs". I am deeply sorry that this leaves you in a position that is at times some what ludicrous but that is life. The defense of George Walker Bush, Delay and Karl Rove is a very disheartening endeavor these days. Since Lewis Scooter Libby has been indicted, Delay did the " PerPs" walk and Sen Bill Frist has the SEC investigating him. Also your good friend Pat Robertson
is loosing it on the "700" club and Franklyn Graham is saying strange things, but please stay centered and don't loose "faith" the RNC will go on. Once the twisted Values of the SADISTIC NE-CON EVANGELICAL ACTIVISTS who are the core of (The F.O.G. Elite) have been cleansed The GOP can rise again as a forum for true conservative ideas. |
If one looks at the SOCIAL SECURITY ADMINISTRATION block it is evident that wage growth is needed to sustain the SOCIAL SECURITY ADMINISTRATION trust and the workers of AMERICA
What good are workers who live in their cars or under bridges???
YOU SAID
Removing the minimum wage will free up the access to work for those truly in need. Providing longevity raises, and educational/training bonuses provides a non-detrrimental rise in earnings. Raising the base pay for the beginner workforce pushes all wages higher and with that excellerates inflation and causes "real" earnings to be depleated.
This is new SPIN on the SADISTIC NE-CON EVANGELICAL ACTIVISTS Hate-o-nomics . Grover Norquist must be back at work.
THIS PROPOSAL PORTENDS THE CREATION OF A SLAVE LABOR UNDER CLASS !!!
If this concept is adopted the " Guest Worker " program will fit right in where the AMERICAN middle class once stood. ( all the union trades and production workers will be let go ) (1)(2) as they are doing in New Orleans right now !!!
Let us see the cite.
Looks like you are out of " talking points " you have cited one instance of rather strange congressional budgetary allocations. It's a good point that a good tort law firm should explore. The BUSH administration's contributions to the deaths of over 800 AMERICANS has been documented by numerous sources (1) (2)(3)(4)(5)(6) (7)
There is something that I find rather interesting a declaration of emergency issued by BUSH ? If that had been in place FEMA should have had absolute power to command and control all of the emergency response to Katrina. That is no negotiations just orders. Because the federal government would have taken "jurisdictional authority" in the mater. Under " joint and severable liability" and the concept of "contributory negligence " The BUSH administration has a 60% to 75% of the liability due to bringing levee repairs to a snails pace by budget cuts to SELA. Yet FEMA all of a sudden can't execute a evacuation plan after the REX 84 training program ???? There is some thing strange going on here. Was this an effort to clean out the Democrats (8)(9)(10)(11)(12)(13)(14)(15)(16) Or may be Brown is the dumbest of the dumb. Or may be he was told to sand bag the response just a bit and things got out of hand ??? Give the Hate-o-nomics taught by the likes of Cato/Heritage , Grover Norquist Karl Rove and Delay. Given the venomous teachings of Pat Robertson and Franklyn Graham You have to wonder did he or didn't he ????
YOU SAID
You know, cactusrose, I really and truly don't wish them any bad. Their ignorance and close-mindedness is its own punishment. If, in the scenario they themselves envision, they must stand in judgement before their God, I have a hunch that they're in for a rude and ugly surprise. Their acts are not Christian acts. Their self-delusion is clear to anyone paying even the most casual attention.
Your statement is so true. This is why George Walker Bush has such a credibility problem in the " MUSLIM " world. The vast majority of MUSLIMS see BUSH for what he is $ DOLLARS $ not a christen. BUSH's GOD is the $ DOLLARS $ clear and simple and every body knows this.
The PROJECTED short fall is placed at _1.86% first we will need a prolonged period of 1.8% GDP growth .
This is where the SADISTIC NE-CON EVANGELICAL ACTIVISTS economic hate policy breaks down. There are 37 MILLION plus " economic dead beats " .
These people have no disposable income. They may go for a day with no food just to pay the light bill. They spend lots of time at the local food bank. Going to work or school hungry is a normal part of the monthly cycle. To some this life style is chosen by the victims of poverty, to some all these 37 MILLION folks are lazy and don't want to work. These are the (Values) of the (The F.O.G. Elite) . A collection of people who never have known a day when there was not more than enough money to buy what ever was needed or wanted. The truth is the F.O.G. ( FRIENDS OF GEORGE ) is forcing wages down and the poverty rate up to enhance the profits ( short term ) of the (The F.O.G. Elite) . This Cato/Heritage conceived policy is eroding the consumer base depicted here.
you said
Today, the reality of is at 13% and risiing, not due to LOW salaries for the beginner workforce, but due to the lack of jobs and inflation. The governmental propoganda statements you have quoted have nothing to do with the real world we live in.
Census Data Poverty
Now by age group
Note that the poverty rate is on the rise, that the number of people in poverty has risen every year since 2000. If you have purchased a gallon of gas lately you may have noticed that the price is at $2.50 plus per gal. . There has not been a increase in the national minimum wage since 2000. are you saying that more money will make the poor poorer ? This is a tired old talking point of the Grover Norquist Cato/Heritageilk which has been proven false in years gone by. Do you remember the 70's and 80's. Where can you rent a apartment on $5.50/hr ? It will take at least 2.5 incomes to support a place to live in the contiguous 48 ( excluding CA ).
I can understand the problems associated with trying to defend the indefensible George Walker Bush's decision to fund his 2001 Tax Cut (1) with cuts to the SELA flood control programs in New Orleans. The influence of Grover Norquist and his pupils Delay , Sen Bill Frist and Hastert are smeared all over this decision. (2)(3)(4)(5)(6)(7)(8)(9)
As I have said facts citeable facts you posted a interesting fact I responded with cites and facts and my opinion. Is this what happens when you are loosing. Or feel you are lost ?
The Governator Shot Down In Flames
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Tim won in Virginia the Democrat won !!!!
Lets review some recent FBI investigations in this area
- NAACP Faces IRS Investigation
By Mike Allen
Washington Post Staff Writer
Friday, October 29, 2004; Page A08
http://www.washingtonpost.com/ac2/wp-dyn/A7433-2004Oct28?language=printer
The Internal Revenue Service has threatened to revoke the NAACP's tax-exempt status because the civil rights group's chairman, Julian Bond, "condemned the administration policies of George W. Bush" during a speech this summer, according to documents the group provided yesterday.
George Walker Bush would not try to WOO THE NAACP to his side so he sent the FBI to investigate the organization. Just a little scare to shut the mouths of the hierarchy
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stop and think what about a catholic priest who repeats the " official Papal doctrine on contraception, if he talks about Planed Parenthood and mentions a Supreme Court decision is this political speech? Or is this disseminating the Doctrine. Last I heard the catholic church was fundamentally opposed to war ( organized murder ).
May be the 700 club should have its tax exempt status pulled. If the preacher aspouses putting out a hit on a PRESIDENT of another country, is that not political speech? Sounds like a violation of " equal protection " to me.
Rove turn tis cr@p off
You said
I wish I knew, we will have to wait and see. I do like John McCain. I know he is a Repub. But I like him anyway he seems honest.
You might want to consider the current position of the United States of America with respect to child poverty.
This is one of the places where poverty begins at birth. To the most casual observer there are a few facts that are self evident. Poor people spend most all of their income on food shelter and clothing first last and only. There is no savings or discretionary income. These people are a drag on this economy. Why do you want to create more of them ? If the minimum wage is eliminated their numbers will grow, our position in the listing above will drop. Consumer spending will take a nose dive and George Walker Bush's 1.8% annual GDP growth will become a reality.
The minimum wage needs to be increased so the poor can keep pace with inflation continue to feed them selves. Wage growth has not kept pace with price increases.
Note wages are flat line for the " median " wage earner. Where do you think the " minimum wage " earner is to day ? The recent increase in energy costs have started making the circuit through the economy. And the " middle class " is being squeezed down the social economic scale as a result the poor are in dire straights ( can't pay rent, can't run a car ) Food will soon become a luxury item. Do you really want to destroy the purchasing power of the middle and lower classes of the AMERICAN economy. This is the approx. size of the BOOMERS
Do you really want to destroy this ?
We Need More Customers With More MONEY !
I put the question to you why is the Delay controlled House and the Sen Bill Frist controlled Senate are willing to fund junk projects and not flood control / SELA ?
- Money Flowed to Questionable Projects>
State Leads in Army Corps Spending, but Millions Had Nothing to Do With Floods
http://www.washingtonpost.com/wp-dyn/content/article/2005/09/07/AR2005090702462.html
By Michael Grunwald
Washington Post Staff Writer
Thursday, September 8, 2005; Page A01
Before Hurricane Katrina breached a levee on the New Orleans Industrial Canal, the Army Corps of Engineers had already launched a $748 million construction project at that very location. But the project had nothing to do with flood control. The Corps was building a huge new lock for the canal, an effort to accommodate steadily increasing barge traffic.
What has every body gone mad??? Looks like BUSH fit right in to the insanity with his stupid budget cutting.
One problem why did George Walker Bush cut SELA funding in 2001 ? Looks like it was time to send in the Inspector General and the FBI to clean house ! The levees were and are more important than possible scum bag politicians ! BUSH still can't hide what he contributed to the Katrina mess. The actions of the half wit legislators and the George Walker Bush administration joined to kill over 800 AMERICANS. There was a tax increase passed to keep one of the levee projects going in spite of the federal budget cuts. BUSH lacked the vision and moral values needed to deal with local corruption. Explain why BUSH continued to cut the SELA funding, 2001, 2002. 2003. 2004.
Problems with the language ???? BUSH controlled 75% plus of the reasons found to date for the levee failures with his budgetary allocations. BUSH cut the funds despite being warned that there were serious problems to be fixed. George Walker Bush made the call there for he is responsible for his actions. It is time to grow up and face the results of his decisions.
This is how the George Walker Bush administration handles sermons of the clergy that descent from the BUSH war doctrine.
- Antiwar Sermon Brings IRS Warning
All Saints Episcopal Church in Pasadena risks losing its tax-exempt status because of a former rector's remarks in 2004
- By Patricia Ward Biederman and Jason Felch, Times Staff Writers
http://www.latimes.com/news/printedition/la-me-allsaints7nov07,1,597130.story?track=mostemailedlink&coll=la-mininav-business&ctrack=1&cset=true
The Internal Revenue Service has warned one of Southern California's largest and most liberal churches that it is at risk of losing its tax-exempt status because of an antiwar sermon two days before the 2004 presidential election.
Rector J. Edwin Bacon of All Saints Episcopal Church in Pasadena told many congregants during morning services Sunday that a guest sermon by the church's former rector, the Rev. George F. Regas, on Oct. 31, 2004, had prompted a letter from the IRS_
I wonder if the same rule applies to the evangelical right ? Is this the Karl Rove sure fire method of religious speech control.
The assessed value of a home stead is usually lower than the market value of the property. If
Dick Cheney's house has a assessed value that is lower than " like " properties in the area one would wonder did
Dick Cheney call
Jeb Bush and say "I need a tax break can you help? "
Each time a property changes hands the " mill rate " X ( " assessed value" _ " exempt value " ) is computed. The assessed value should be rising ( as property values rise ) the only way " legally " to change the assessed value is a " petition " to the assessor to review his assessment. If the name
Dick Cheney is on the petition it may carry a little more weight in a state like Florida,
Jeb Bush country.
The George Walker Bush administration requires for it's functional existence a certin amount of AADD, both naturally occurring and induced by media manipulation. How else can the not yet indicted "OFFICIAL A" from the Lewis Scooter Libby indictment continue to work in the White House. Why does he still have his security clearance ? BUSH says "let's move on" and not notice this apparent double standard when it comes to the pulling of security clearances. This is a example of media induced AADD. "Let's move along and don't worry about that". Is the response. TREASON is still a capital offence.
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